SPIRIT OPEN EQUESTRIAN PROGRAM INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Legal Domicile

Principal Officer

MICHELLE E GNOZZIO

Phone

7036009667

Tax Period

2024-01-01 to 2024-12-31

SPIRIT OPEN EQUESTRIAN PROGRAM INC is a small nonprofit in the Human Services sector that reported $372K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $350K left a modest 6% surplus.

Mission

SPIRIT'S MISSION IS TO FOSTER HEALING AND TEACH LIFE SKILLS THROUGH INTERACTIONS WITH HORSES. SPIRIT IS COMMITTED TO IMPROVING THE QUALITY OF LIFE FOR PARTICIPANTS OF ALL ABILITIES.

Program Service Accomplishments

Program 1

Expenses: $74,896 Revenue: $151,208

EQUINE-ASSISTED LEARNING (EAL)- EAL programs use the interactions between humans and horses to encourage personal growth and development and to improve basic life skills. EAL programs offer...

EQUINE-ASSISTED LEARNING (EAL)- EAL programs use the interactions between humans and horses to encourage personal growth and development and to improve basic life skills. EAL programs offer individual and group sessions for youth,workshops for corporate groups,teams,families and all other groups.In 2024, 74 individuals participated in the EAL program and received 674 service hours

Program 2

Expenses: $236,730 Revenue: $177,974

THERAPEUTIC RIDING -Therapeutic riding is an equine assisted activity that contributes positively to the physical, cognitive, emotional and social well-being of individuals with special needs.Spirit...

Program 3

Expenses: $14,783 Revenue: $17,465

THERAPEUTIC HORSEMANSHIP is an unmounted program,facilitated by a certified instructor. Spirit provided 141 service hours to participants in 2024.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $112,488

Program Service Revenue $247,220

Investment Income $12,608

Other Revenue $0

TOTAL REVENUE $372,316

Expense Breakdown

Grants Paid $0

Salaries & Benefits $171,419

Fundraising Expenses $8,192

Program Expenses $350,967

Other Expenses $178,584

TOTAL EXPENSES $350,003

Year-over-Year Comparison

	2024	2023	Change
Revenue	$372,316	$402,989	-0.1%
Expenses	$350,003	$308,307	+0.1%
Net Income	$22,313	$94,682	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

N/A

Independent Members

N/A

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
MICHELLE GNOZZIO	EXECUTIVE DIRECTOR	Highest	$74,472	$0	$74,472
DAVORKA SUVAK	FOUNDER DIRECTOR	Director	$0	$0	$0
ROBERT MENNELL	DIRECTOR	Director	$0	$0	$0
LAUREN WONG	DIRECTOR	Director	$0	$0	$0
PATRICIA SULLIVAN	DIRECTOR	Director	$0	$0	$0
LESLIE VERNON	DIRECTOR	Director	$0	$0	$0
DIANE PIRES	DIRECTOR	Director	$0	$0	$0
JENNIFER CIBULA	DIRECTOR	Director	$0	$0	$0
DOUGLAS GAIBLER	DIRECTOR	Director	$0	$0	$0
SAMUEL SCHWALL	PRESIDENT	Officer Director	$0	$0	$0
CYNDA ZURFLUH	VICE PRESIDENT	Officer Director	$0	$0	$0
VESMA MONTVILLO	TREASURER	Officer Director	$0	$0	$0
CLAIRE HOSKER	DIRECTOR	Director	$0	$0	$0
CHUCK GUMAS	DIRECTOR	Director	$0	$0	$0
RACHEL SCHWALL	SECRETARY	Officer Director	$0	$0	$0
BARRY DRESDNER	DIRECTOR	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$372,316	$350,003	$865,340	$22,313
2023	$402,989	$308,307	$849,233	$94,682
2022	$258,303	$237,288	$679,209	$21,015
2021	$330,339	$216,567	$660,691	$113,772
2020	$292,461	$228,118	$582,452	$64,343
2019	$291,302	$255,780	$488,142	$35,522
2018	$281,949	$219,338	$475,635	$62,611